expert opinion the future of banking mas

Expert opinion: the future of banking M&As

Dr Bui Quang Tin, lecturer in business administration at the Banking University of Ho Chi Minh City, shared with VIR’s Trang Nguyen his view on the future of bank M&A trends in Vietnam, with a specific view to the opening up of the country's banking industry towards 2020 in line with its ASEAN Economic Community commitments.
banking sector seeks magic number through mas

Banking sector seeks magic number through M&As

Effective restructuring is vital for local commcercial banks to survive the coming tough competition after the market is fully liberalised in line with ASEAN Economic Community commitments.
australian project adds to vietnams competitiveness

Australian project adds to Vietnam’s competitiveness

First Secretary of the Australian Embassy in Hanoi, Andrew Shepherd spoke to VIR’s Trang Nguyen on the progress and achievements of the Restructuring for a More Competitive Vietnam project, within the context of the Spring Economic Forum held in Nghe An province last week. The project has been designed to increase national economic competitiveness and improve transparency in business regulation.
are the new regulations able to reduce mounting bad debts

Are the new regulations able to reduce mounting bad debts?

Vietnam Asset Management Company (VAMC) has been powered up with enough muscle to handle bad debts under the new regulations, yet according to some experts, the company might still not be sturdy enough to handle the country’s current gigantic level of bad debts.
state audit eyes four banks and five securities firms

State Audit eyes four banks and five securities firms

The State Audit Office of Vietnam (SAV) has states its plans to audit four banks and five securities companies this year during a press conference on the State Audit Plan 2015, held on March 20. 
credit outgrows deposits

Credit outgrows deposits

The Bureau of Statistics of Hanoi (BSH) reveals that during the first three months of 2015 the capital’s credit has grown 1.8 per cent compared to the end of 2014 and has also outgrown deposits, turning the tide of negative credit growth experienced in the last two years.
local authorities check on hsbcs secret swiss accounts

Local authorities check on HSBC’s secret Swiss accounts

Deputy Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) said yesterday that SBV will initiate a formal investigation into the 26 HSBC Holdings Plc.’s Swiss unit accounts that are registered under the names of Vietnamese citizens and suspected of tax evasion.
dragon capital buying up pdr stocks

Dragon Capital buying up PDR stocks

According to information from the Vietnam Stock Depository, two funds under Dragon Capital, Vietnam Enterprise Investments Ltd. (VEIL) and Amersham Industries Ltd. (Vietnam Growth Fund) purchased 10 million Phat Dat Real Estate Development Corporation (PDR) shares on Feb 5.
vietcombank to become no1 bank in vietnam

Vietcombank to become No.1 bank in Vietnam

The State Bank (SBV) Governer Nguyen Van Binh urged Vietcombank to become a leader in the banking sector in a conference for Business Implementation in 2015 held by Vietcombank on January 16.
sbv looks set to resolve weak banks in 2015

SBV looks set to resolve weak banks in 2015

In 2015, the State Bank (SBV) is going to restructure the banking system vigorously via mergers and acquisitions (M&As) between banks.
asean small cap fund fined for disclosure violations

ASEAN Small Cap Fund fined for disclosure violations

The State Securities Commission (SSC) issued its Decision No.31 on January 15, imposing a fine of VND60 million ($2,800) on the ASEAN Small Cap Fund (ASCF) for administrative violations in the stock market and securities trading.
ocean bank freezes pamco accounts

Ocean Bank freezes PAMCO accounts

Ocean Bank has frozen Pacific Asset Management Company (PAMCO)’s accounts on January 5 following the freeze of Ocean Group accounts by the government after an investigation was launched into Ocean Group and Ocean Bank’s chairman Ha Van Tham.
ocean bank to freeze ocean group accounts

Ocean Bank to freeze Ocean Group accounts

Police investigation authority has recently requested Ocean Bank to freeze Ocean Group Joint Stock Company (OGC) accounts until receiving official clearance.
authorities determined to support ubers legal status

Authorities determined to support Uber’s legal status

glass half full with fpt profit

Glass half full with FPT profit

FPT’s profit hit an acceptable level during 2013’s first four months.